AUD/USD may rise to 0.74
On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
EUR/USD: euro in consolidation on Tenkan-sen
Technical levels: support – 1.1630; resistance – 1.1670.
Trade recommendations:
- Sell — 1.1670; SL — 1.1690; TP1 — 1.1600; TP2 – 1.1580
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are in consolidation inside a channel of Tenkan-Kijun.
Tatyana Norkina
Similar
NZD/USD can get even higher
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.
EUR/USD can rebound after a pullback
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
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